TAT Technologies (NASDAQ:TATT) Price Target Raised to $58.00

TAT Technologies (NASDAQ:TATT) had its price target increased by Benchmark from $53.00 to $58.00 in a research report report published on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the aerospace company’s stock.

TATT has been the subject of a number of other research reports. Loop Capital set a $53.00 price target on shares of TAT Technologies in a research note on Tuesday, December 30th. Truist Financial decreased their price objective on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a research note on Monday, December 29th. Lake Street Capital reaffirmed a “buy” rating and set a $59.00 price target on shares of TAT Technologies in a research report on Wednesday. Finally, Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $53.17.

TAT Technologies Trading Up 3.8%

NASDAQ:TATT opened at $47.88 on Wednesday. The stock has a market cap of $601.37 million, a price-to-earnings ratio of 36.00 and a beta of 0.93. TAT Technologies has a one year low of $23.37 and a one year high of $54.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The business’s 50-day simple moving average is $46.37 and its 200 day simple moving average is $41.30.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). TAT Technologies had a return on equity of 11.10% and a net margin of 9.08%.The business had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.27 million.

Institutional Trading of TAT Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of TAT Technologies in the 3rd quarter worth approximately $53,000. Quantbot Technologies LP acquired a new stake in TAT Technologies in the third quarter worth $121,000. Osaic Holdings Inc. increased its position in TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after buying an additional 4,474 shares during the period. GWN Securities Inc. bought a new stake in TAT Technologies in the third quarter valued at $202,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of TAT Technologies during the first quarter valued at $207,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.